The streaming giant added more paying subscribers than Wall Street expected in the fourth quarter, beating international subscriber estimates but missing estimates for U.S. subscriber growth.
The Disney+ and Apple TV+ streaming services both launched in the United States in November.
As streaming video has grown in the United States, the market has become more competitive, pushing Netflix to look overseas for growth.
It added 1.75 million subscribers in Asia-Pacific, its fastest-growing region, while Latin America grew by 2.04 million subscribers in the quarter.
“Friends” left Netflix in the United States this month and will run on HBO Max.